Analysts Offer Predictions for HASI FY2024 Earnings

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) - Equities researchers at B. Riley issued their FY2024 earnings per share (EPS) estimates for shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report issued to clients and investors on Wednesday, February 12th. B. Riley analyst R. Pfingst expects that the real estate investment trust will earn $2.21 per share for the year. The consensus estimate for Hannon Armstrong Sustainable Infrastructure Capital's current full-year earnings is $2.42 per share. B. Riley also issued estimates for Hannon Armstrong Sustainable Infrastructure Capital's Q4 2024 earnings at $0.54 EPS and FY2025 earnings at $2.41 EPS.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). The business had revenue of $37.74 million for the quarter, compared to analysts' expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%.

HASI has been the topic of several other reports. StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a report on Monday, November 11th. JPMorgan Chase & Co. cut their price target on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price objective on the stock in a report on Wednesday, January 8th. Truist Financial assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a "buy" rating and a $40.00 target price for the company. Finally, Bank of America initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a "buy" rating and a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Hannon Armstrong Sustainable Infrastructure Capital stock traded up $0.06 during midday trading on Monday, reaching $29.00. 1,314,465 shares of the company traded hands, compared to its average volume of 1,149,234. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $24.00 and a 12 month high of $36.56. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.08 and a beta of 1.95. The business has a 50 day moving average of $27.74 and a two-hundred day moving average of $30.76.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 5.79%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 105.06%.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds have recently added to or reduced their stakes in HASI. Squarepoint Ops LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 103.3% in the fourth quarter. Squarepoint Ops LLC now owns 69,752 shares of the real estate investment trust's stock worth $1,871,000 after purchasing an additional 35,447 shares during the last quarter. Tidal Investments LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 2,466.7% in the 4th quarter. Tidal Investments LLC now owns 699,275 shares of the real estate investment trust's stock worth $18,762,000 after buying an additional 672,031 shares during the period. Royal Bank of Canada grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 8.7% in the fourth quarter. Royal Bank of Canada now owns 644,053 shares of the real estate investment trust's stock worth $17,279,000 after purchasing an additional 51,401 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at $6,678,000. Finally, ProShare Advisors LLC increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 17.4% during the 4th quarter. ProShare Advisors LLC now owns 282,045 shares of the real estate investment trust's stock valued at $7,567,000 after purchasing an additional 41,702 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.